REG-Foresight 4 VCT PLC : Merger Results <Origin Href="QuoteRef">FTF.L</Origin>

Foresight Enterprise VCTAnnouncement

22/06/2017 14:30

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Foresight 4 VCT plc

Merger Results

22 June 2017

This announcement is made by Foresight 4 VCT plc ("the Company") in connection
with the merger of the Company with Foresight 3 VCT plc (in liquidation)
("F3"), by way of a scheme of reconstruction of F3 pursuant to Section 110 of
the Insolvency Act 1986 and the transfer by F3 of all of their assets and
liabilities to the Company ("Scheme"), details of which were contained in the
Company's prospectus and circular to shareholders both dated 19 May 2017.

The board is pleased to advise that the resolution proposed at the general
meeting of F3 held today was duly passed to be able to implement and effect
the Scheme. 

By way of implementation of the Scheme, the assets and liabilities of F3 have
been transferred to the Company in consideration for the issue of new ordinary
shares of 1p each in the capital of the Company ("Consideration Shares"). The
total number of Consideration Shares issued to F3 shareholders in connection
with the Scheme was 48,337,332 at a deemed issue price of 72.91p per share.

Following implementation of the Scheme, the capital of the Company as at 22
June 2017 consists of 105,712,831 shares of which none are held in treasury.
The total number of voting rights in the Company is, therefore, 105,712,831
which may be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's Disclosure,
Guidance and Transparency Rules.

Application will shortly be made for all the Consideration Shares issued
pursuant to the Scheme to be admitted to the Official List and to trading on
the main market of the London Stock Exchange. It is expected that admission
will become effective and that trading will commence on 23 June 2017. CREST
accounts are also expected to be credited on 23 June 2017.

As a result of the merger becoming effective, Raymond Abbott has today been
appointed as director and chairman of the Company and Peter Dicks has stepped
down as a director of the Company.

For further enquiries please contact:

Gary Fraser, Foresight Group: 0203 667 8100

This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Foresight 4 VCT PLC via Globenewswire